1 day ago · Bitcoin's market dominance jumped above 69% for the first time since September Bitcoin settles above $23, Bitcoin recovered from Wednesday's low . 14 hours ago · Bitcoin (BTC) traded around $23, as of UTC (2 p.m. ET), slipping % over the previous 24 hours.; Bitcoin’s hour range: $22, - $23, (CoinDesk 20)Derivatives market . 19 hours ago · Bitcoin is irrelevant to financial markets and investors 'are going to weep' if regulators come down hard on crypto, says Kevin O'Leary Emily Graffeo Dec. 24, , PM.
Btc markets downMarket Wrap: Bitcoin Stays in Tight Range but Gains Dominance as XRP Crumbles - CoinDesk
Experts believe the legal issues of one of the largest cryptocurrency projects may have unwanted consequences for the whole industry. As FXStreet previously reported, several cryptocurrency exchanges had already suspended XRP trading or delisted the coin. Notably, the cryptocurrency asset manager Bitwise sold its XRP position within its crypto index.
Despite the recovery, the coin is still down 1. If this area is cleared, the selling pressure will increase. Meanwhile, the technical indicators imply that the reversal may be underway. TD Sequential indicator is ready to send a buy signal in the form of a red eight candlestick on a hour timeframe. XRP extended the sell-off on Thursday as cryptocurrency exchanges started to delist the coin following the lawsuit filed by the US Securities and Exchange Commission against Ripple and its top managers.
If the regulator wins the legal battle, XRP will be officially considered security, meaning that all the trading platforms supporting the token will have to be registered as securities exchanges. Currently, several lesser-known trading platforms suspended XRP trading.
Oil was up 0. Gold was in the green 0. The year U. Treasury bond yield fell 29 bps to close the short week at 0. Read more about Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups. Ripple Effect. Year in Review Digital Currency. It will be brutal," he said.
Bitcoin is irrelevant and investors 'are going to weep' if regulators come down hard on crypto, says Kevin O'Leary. Emily Graffeo. Treasury Secretary Steven Mnuchin is proposing new regulation that would require certain cryptocurrency traders to provide more information about their identities and cryptocurrency transactions. View Business Insider's homepage for more stories. Read the original article on Business Insider.